【Gold prices soared, but many didn't wait for wealth, instead they faced a crisis】
In the early stages, gold prices rose sharply,
many families chose "account gold" and "deferred payment" at high levels,
thinking it was the safest asset.
But soon, reality hit hard —
Silver dropped about 15% in the short term, gold retraced about 8%, and global financial markets plunged simultaneously.
Problems began to surface:
Some companies simply couldn't produce that much physical gold.
The reason is not complicated:
They were selling "gold price returns,"
but promised "physical gold that could be redeemed at any time."
When prices were rising, no one was eager to take delivery;
once prices fell from their highs,
everyone wanted to get their gold,
a run on the bank occurred.
A certain "Deep Water Shell" incident
erupted in this environment,
causing countless ordinary families to trust at high levels and face pressure at low levels, making things worse.
Remember this:
Just because it's called gold doesn't mean you actually own gold.
The real risk often appears after a sharp rise.